Wingstop shares sink after profit and revenue misses expectations

Wingstop Inc. /zigman2/quotes/206814832/composite WING -0.96% shares sank 6.8% in Wednesday premarket trading after the chicken chain reported fourth-quarter profit and revenue that missed Street expectations. Net income totaled $6.9 million, or 23 cents per share, after a loss of $6.4 million, or 21 cents per share, last year. Revenue of $72.0 million was up from $63.3 million last year. The FactSet consensus was for EPS of 32 cents and revenue of $73.5 million. Domestic same-store sales rose 7.5%. And domestic average unit volume (AUV) reached $1.6 million. Wingstop shares are down 5% over the past year while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.19% is up 13.7%.

/zigman2/quotes/206814832/composite

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Wingstop Inc.

US : U.S.: Nasdaq

$ 134.53

-1.30 -0.96%

Volume: 553,835

Aug. 16, 2022 4:00p

P/E Ratio

100.31

Dividend Yield

0.56%

Market Cap

$4.06 billion

Rev. per Employee

$334,600

/zigman2/quotes/210599714/realtime

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S&P 500 Index

US : S&P US

4,305.20

+8.06 +0.19%

Volume: 2.22B

Aug. 16, 2022 5:48p